AH Schreiber (案例学习)
For more than 80 years, A.H. Schreiber has manufactured bathing suits sold in major retail outlets across the country. Each year, the company sells approximately 10 million pieces of swimwear to stores like Macy’s, Bloomingdales, Nordstrom, JC Penny, Walmart, Target, etc.
With nearly all of A.H. Schreiber’s products manufactured in Asia – specifically China and Thailand – the company was looking for ways to reduce their ‘cash in use’ and gain more flexibility during their busy season from February to June.
This year, the Company began working with CBC Trade Finance, a division of Capital Business Credit (CBC). Through CBC’s Supplier Early Payment Program (SEP Program), CBC provides payment to A.H. Schreiber’s vendor in Asia the day the invoice is issued. A.H. Schreiber then has 60 days to pay the value of the invoice directly to CBC.
“CBC’s SEP Program has provided us with more flexibility and has enabled us to be less reliant on lines of credit during our busy season,” said Michael Gross, chief financial officer of A.H. Schreiber. “We have peace of mind knowing that trade finance experts are ensuring our manufacturers are paid in a timely manner, allowing us to concentrate exclusively on what we do best; producing great swimwear.”
The SEP Program has lowered A.H. Schreiber’s need to borrow and utilize credit. Next season, the Company plans to utilize the program with more vendors overseas.
在80年的时间里，A.H. Schreiber在生产泳衣并销售给全国各地的主要零售商。 每年，这家公司销售大约1000万件泳衣给梅西百货(Macy’s)，布鲁明戴尔百货(Bloomingdales)，诺德斯特龙(Nordstrom)，彭尼(JC Penny)，沃尔玛和塔吉特(Target)等北美主要零售商。
今年该公司开始和CBC旗下的贸易融资部合作，通过SEP(Supplier Early Payment)方案，在供应商开出发票以后，CBC代替该公司向供应商支付全部货款；该公司从CBC获得60天的销售信贷期，并到期支付货款给CBC。